Economy
Egypt’s railways loses LE10 billion during 2017/2018 fiscal year: Finance Ministry
January 12, 2019
Egypt’s railways loses LE10 billion during 2017/2018 fiscal year: Finance Ministry
Head of the Final Accounts Department at the Ministry of Finance Abdel-Nabi Mansour said on Saturday that the total…
Egypt’s economy world’s 7th largest in 2030: report
January 10, 2019
Egypt’s economy world’s 7th largest in 2030: report
As part of the positive outlook for Egypt’s economy, a report by Standard Chartered Bank ranked the Egyptian economy seventh…
Govt to completely lift fuel subsidies in 2020: minister
January 8, 2019
Govt to completely lift fuel subsidies in 2020: minister
Subsidies on hydrocarbons will be completely canceled by the Egyptian government in 2020, Petroleum Minister Tarek al-Mulla said, adding that…
CBE foreign reserves decline $2bn at end of December
January 8, 2019
CBE foreign reserves decline $2bn at end of December
The foreign reserves of the Central Bank of Egypt (CBE) lost about $2 billion at the end of December. Egypt’s…
Egypt to issue commemorative coins for achievements in 2014-18
January 3, 2019
Egypt to issue commemorative coins for achievements in 2014-18
Egypt’s Prime Minister Mustafa Madbouli decided on Thursday to print 50-piaster and LE 1 commemorative coins commemorating the country’s achievements…
No significant change in exchange rate in 2019: EFG Hermes
January 1, 2019
No significant change in exchange rate in 2019: EFG Hermes
EFG Hermes, one of the largest investment banks in the Middle East and Africa, has ruled out any significant change…
Hurghada industrial city to be completed on time: Gov.
January 1, 2019
Hurghada industrial city to be completed on time: Gov.
Red Sea Governor Ahmed Abdullah confirmed the governorate’s commitment to construct the first industrial city in Hurghada by the previously…
Zero customs on European cars imported into Egypt, 2000 CC prices decrease
January 1, 2019
Zero customs on European cars imported into Egypt, 2000 CC prices decrease
Egypt’s customs authorities on Tuesday began applying the last tranche of tariff reductions on cars from the European…
Sisi discusses developments of Egypt’s monetary reform program
December 30, 2018
Sisi discusses developments of Egypt’s monetary reform program
Egyptian President Abdel Fattah al-Sisi on Sunday discussed the monetary reform program with Prime Minister Mostafa Madbouly and Governor…
Inflation rate anticipated to decline to 9% in 2018: CBE
December 30, 2018
Inflation rate anticipated to decline to 9% in 2018: CBE
The Central Bank of Egypt (CBE) announced in a Saturday statement that they anticipate the inflation rate would decline…